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Guest Posting & Responding Now Available

Dinar Chronicles is now allowing viewers to guest post and respond to articles. If you wish to respond or speak your mind and write a post/article or about the current situation relating to Iraq, the RV, the GCR and so on. You may now send in an entry.

All you need to do is send your entry to UniversalOm432Hz@gmail.com with these following rules.

Minister of Finance Agency Abdul Razzaq al- Issa discussed with a delegation from the US Embassy to complete readiness credit mechanisms program with the International Monetary Fund.The Al - Issa when he received US Deputy Ambassador Stephanie Williams and her accompanying delegation , according to a ministry statement, "the Ministry of Finance is ready to complete the second review of the program of meetings to prepare the credit with the International Monetary Fund."

The two sides also discussed " the compensation file with the State of Kuwait and ways settled through investment window inside Iraq."

My oh my what distractions we find ourselves among on this wonderful Wednesday.....we don't need a CC tonight, the news is hitting the ball out of the park all by itself.......

There are several things of this article I like.....first....Iraq is working towards settling their monetary debt to Kuwait.....second this is being talked about going through the IMF....that tells me it is real....and third....the mention of being "settled through an investment window inside of Iraq"......did ya'll hear that.....read it again.....

I know at least one other caught it....good eyes......"INVESTMENT WINDOW INSIDE of IRAQ".....whatever could that be......maybe they think they can take the $4.5 billion USD owed to them and turn it into some kind of small fortune for the loss of their royalty at the hands of Saddam......

Finance discussed with the US Embassy in Kuwait and compensation settled by means of investment

Wednesday 10 May 2017 14:30

Alsumaria News / Baghdad

discussed the Ministry of Finance, Wednesday, with the US Embassy in Kuwait and compensation settled by means of investment, noting that it was the ministry 's readiness to complete the second review of the program to prepare credit meetings with the International Monetary Fund .

The finance minister said in a statement Alsumaria News received a copy of it that " the ministry has held discussions with the deputy US ambassador to Iraq and his accompanying delegation mechanisms to complete readiness credit program with the International Monetary Fund , " stressing " the ministry 's readiness to complete the second review of the program to prepare the credit with the IMF meetings international. "

He added that Al - Issa "meeting also discussed the compensation file with the State of Kuwait and ways settled through investment window inside Iraq."

The Iraq still pays compensation to Kuwait during the Iraqi invasion in 1990, while Kuwait agreed to postpone such compensation over the past two years at the request of Iraq as a result of lower oil prices.

Rashid sells the dollar for travelers and delegates at the official rate

Rasheed Bank announced the sale of the dollar directly for travelers and delegates at the official rate, starting on Wednesday.

A statement from the Rasheed Bank that will begin from Wednesday selling the dollar for delegates and travelers at the official rate of the state, and that "has been allocated a number of branches of the bank travelers who wish to receive the purchase and branches are: airport, Yarmouk, session, Shorja, Arkhitth, Spring neighborhood branch, willing Khatoon, validity , jump, Karkh. "

It is worth mentioning that the Central Bank of Iraq sells daily hundreds of millions of dollars to banks and banking at the official rate of exchange amounting to 1182 dinars to the dollar, while sold in local markets at a higher price.

Frank, from the articles today, it seems that many are ready to get paid. That would mean that the budget is about to be opened, yes? Anxious to see if this is done before the Arab summit in Saudi Arabia. I'm sure Trump doesn't want to go hear a bunch of lip service, right! Lol

Blinkster » May 10th, 2016

Okay I may appear to be Cpt Obvious, but between the IMF & WB not only DEMANDING Iraq to complete their MR...but also then they say the reform has been LAUNCHED (past tense); IMF and WB taking the wheel so to speak of Iraq's MR; and the public, documented reports of Hakim, Sadr...AND now Sistani (their Head Cleric) meeting with PM Abadi; AND the private meetings at a mansion in Karbala with these figures to hammer out specific details...and the meeting went VERY WELL...the media's shift of focus from Mosul to the MR and FR of Iraq;

All I can say is WOW WOW WOWEEEEEEEE! CHICKEN SKIN!!!!

IMO, Just the meeting of MP Abadi with Sistani himself is UNPRECEDENTED and I don't think the majority of the western world understands nor appreciates the significance of this...and IMO the meeting (overall) with Hakim, Sadr and Sistani means a death blow to any further political aspirations of Maliki... the writing is on the wall, Maliki, and it's NOT in your favor.

CHICKIN SKIN, I say....CHICKEN SKIN! Thank you LORD!

Frank26 » May 10th, 2016

Some spill the Wine ............... Some spill the Beans .................. i told You You would not need me this week Apmcrx » May 10th, 2016

Economists then wonder the government's insistence on the use of cash as a penny

Economists expressed by experts from the province of Basra, their surprise at the insistence of the Iraqi government to use (penny) in cash as a unit of accounting receipts for most of the institutions and departments despite the fact that "penny" of the extinct trading three decades ago.

A professor of economics at the University of Basra , d. Nabil Marsoumy in an interview with Alsumaria News for, " The accounting receipts used by most government departments in Iraq , where the amounts columns are divided into two parts , one dinar and the other fils, which is surprising because the penny is no longer circulating for more than thirty years , " noting that " government accounting receipts remain unchanged reflects the extent of the failure of management thought, so that the hand of reform did not extend so far intuitive to simple details are handled thousands of times a day. "

Marsoumy pointed out that " the dirham , which enjoyed greater penny cash value is no longer used for a long time , " adding that "administrative leaders in the country if they are not able to change receipts and a small paper , how can develop the economy and achieve administrative reform."

For his part, President of the Iraqi Economists Association in Basra , Ali Alaill said in an interview with Alsumaria News for, " The world has come a long way in the application of electronic accounting systems and we are still use receipts and paper recognize fils cash as a unit , " adding that "addressing this gap does not require administrative genius nor financial allocations, but need only a simple guidance from the cabinet Secretariat to the ministries to delete a column from the penny receipts circles. "

Alaill pointed out that " the sons of the new generation do not know anything about the penny , except the old amateur currency collecting them."

The penny was one of cash categories traded in Iraq, and since the Ottoman era and even the extinction of trading was coining of copper to lower its value, it is the smallest unit of cash, and this afternoon is common ideals (not equal fils) to indicate the lack of importance of the thing, and during their occupation of Iraq period decided Englishmen in 1920 , the abolition of the penny trading with the rest of the units of the Ottoman currency, then work it back as a cash junior starting in 1932, and continued the penny in circulation until the early eighties, perhaps so far, at least in receipts and accounting records used by many government departments , including Directorates and municipal water Municipalities, education, traffic, communications and health.

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